Giving Credit Essay Example for Free

Giving Credit Essay Abstract In this assignment we compare the lives of two men that created inventions that changed the world we live in. Throughout their careers and success’ they had hurdles to jump and become innovative thinkers to create futures in their challenging industry. Great men and thinkers can move mountains and open paths to new industries. Giving Credit Where Credit Is Due As entrepreneurs in a growing world of technology and change Andy Grove and Michael Dell pioneered the industry. They were innovators, visionaries and industry leaders in their fields. Andy Grove envisioned change to create faster and more productive ways to utilize the way we process information. As an immigrant he passed through the walls of terror in his home country of Hungry which was facing many issues of destruction that the Nazi’s enforced. He fled to the United States in the 1960’s to create a better life and future for himself. Andy established a small company that he called Intel which created an immense new future for the computer technology. His contributions awarded him the esteem acknowledgement as Time Magazine’s person of the year. He pursued his dreams as all inventors to create products and progress in the ever-changing need for new technology. Andy Grove created the chip and the microprocessor that allowed information to be processed much faster and smaller in size. Mr. Dell also an inventor at an early age set up a laboratory in his dorm room while attending college to create his personal computer. His success with the personal computer caught on quick because he used a direct theory to include his customer in the structure of his product. Michael Dell believed that understanding his customer’s needs and issues would enable Dell to create good competitive products. He believed that cutting the middlemen out of the sales market would allow him that advantage. With that direct approach Dell was able to endure many obstacles as well as the recession that created market crashes in the early 2000’s. (Krames, Jeffrey A. What the Best CEOs Know: 7 Exceptional Leaders and Their Lessons for Transforming Any Business) Both Andy Grove and Michael Dell endured much criticism from competitors  because of their business approach and products and business logic. Mr. Grove instilled paranoia in his corporate CEOs so that they could become fearful of being caught off guard. Mr. Dell used his customers to create standards that would give him the leading edge over his competitors. Both were accused of manipulating the industry and deceiving the product consumers. Intel was accused of creating an inferior product that put fear into the consumer to believe the chips that were being used would create disastrous failures to the products who endorsed his chip. Dell had a simple approach to create sales and marketing by lowering the cost of his product by cutting out the middlemen which made him more competitive and viable to sustain the economic downfalls. His competitors accused him of lowering his cost so as to drive the market sales away from the non profitable companies. Both Mr. Grove and Mr. Dell used simple methods to approach the needs and creativity of the growing markets. Andy Grove made sure that being too comfortable with the products that his company offered just wasn’t going to be enough. He looked ahead to keep creating new products that would soon be replaced by a growing need for better technology. Mr. Dell never doubted his approach to keep his overhead down and modeled his success on a customer based product. He believed creating his product for the customers rather than just offering his product without realizing their valuable input. Their similarities are based on what the customer and technology needs to sustain a profitable and sustainable future. They share innovative ideas in product development and customer based satisfaction. They differed by the way each approached the markets, Intel needed to create a superior product sooner and more often to keep up with changing technologies. Dell used the customer to create products based on the user need. Each approached their core values of business and what works for them to create value and sustainability. Dell had the market share by using the internet to generate sales through machine to machine based sales and conserved his manpower to keep the cost of his product low. Intel spent many hours of research and product development to create new and innovative ground breaking products that led the industry standards. Mr. Grove believed that being complacent would drive him out of the industry and eventually close the doors. He encouraged his CEOs to listen to his sales team to find out the needs of the customers Andy Grove referred to those individuals as â€Å"Cassandra’s† that would pass on valuable customer feedback. His pushes to create paranoia made Intel strong and create rather than become comfortable because Grove feared that waiting for the market to fail made Intel week. Mr. Dell believed that his customers gave him the strength to survive and customize his business to their needs. Dell never overstocked and always built their product to order. Dell realized that over burdening their inventory would devastate their ability to keep costs down. Dell learned from their mistakes like the Olympic brand which compromised the need of customers and their ability to utilize technology threatened the Dell line of products. Dell made efforts to speak to the public and hear what they had to say and put that information into their products. (Krames, Jeffrey A. What the Best CEOs Know: 7 Exceptional Leaders and Their Lessons for Transforming Any Business) Both of these pioneers created a wealth of knowledge and bridged the technology industry to what is today. Innovation is the foundation of the industry and creating new and exciting products that can be user friendly and affordable make profits. Both of these two companies are very profitable and determined to create intelligent and appealing industries. The changing markets constantly demand new and better technologies that will enable us to accelerate computer speeds and retain more memory without absorbing higher prices and engineering. References American Psychological Association. 2010). Publication manual of the American Psychological Association (6th ed.). Washington, DC: Author. (Krames, Jeffrey A. What the Best CEOs Know: 7 Exceptional Leaders and Their Lessons for Transforming Any Business)

Derivates in Market Essay example -- essays research papers fc

INTRODUCTION “A derivative is like a razor, you can use it to shave and make yourself attractive for your girlfriend, you can slit your throat with it or you can use it to commit suicide.’(Anon.) This statement describes to us the problems, and on the other hand rewards, that the proper use of derivatives can bring. The derivatives market has developed responding to the uncertainty about prices, and therefore provided a means of separating out this price volatility. The tendency of the market to move up or down in what appears to be a random manner has brought about the need for financial products which will protect or hedge the investor against the ill effects of market volatility. Certain types of derivatives called Futures and Options might do just that if used properly. In this essay we look at certain types of derivatives called Futures and Options, and how hedgers / investors make use of them to their advantage as well as where the threats seem to lie when dealing with them in g eneral. These derivative markets allow hedgers to avoid risk by transferring it to speculators who seek it. We have all heard the phrase “keep your options open'; and it is along these lines that the Options derivative has arisen. As we know options are contractual arrangements giving the owner the right, but not the obligation, to buy or sell something at a given price, at some time in the future. It is these Options in general that we want to address as they offer the investor the ability to create a wide variety of risk and return alternatives from the same underlying security. Futures, being exchanged-traded forward contracts, have also provided another choice to suit the needs of the holder and the advantages for and against these will also be looked at. After looking at the Futures and Options we will turn our attention to discussing the cases for and against the needs of further regulating this market. This issue has been strongly reinforced since many big bets have gone wrong, such as the collapse of Barings and many others. Where do the faults lie which have led to these disasters and who if anybody is to blame? These are matters that will need to be looked at. To begin with lets focus our attention on Futures contracts . Advantages / Disadvantages from the use of Future Contracts - As the market for future contracts is standardised ... ...ld result in the avoidance of future disasters but more self-regulation could be encouraged and set in play also. The bottom line is that anyone in the derivative business really needs to be more careful and have more control over what they are doing. Again Partnoy in his book FIASCO says, “ Most of us enter the investment business for the same sanity- destroying reasons a woman becomes a prostitute.’ So if you do decide to invest you should take the advice of the Office of Kansas Securities Commission which is “Investigate before you invest.’ BIBLIOGRAPHY - Edwards, W.H.W, Key Financial Instruments; Understanding motivation in the World of Derivatives - Lewis, M, (1989), Liar’s Poker, Coronet Books. - Office of Kansas Securities Commission website. - Partnoy, F, (1997), FIASCO Blood in the water on Wall Street, Profile Books. - Piesse, J, Piesnell, K, and Ward, C, (1995), British Financial Markets and Institutions, Prentice Hall. - Pike, R, and Neale, W, (1996), Corporate Finance Investment, Prentice Hall. - Rutterford, J, (1993), Introduction to the Stock Exchange Investment, Macmillan. - Specimen handouts given out in Lectures Derivates in Market Essay example -- essays research papers fc INTRODUCTION “A derivative is like a razor, you can use it to shave and make yourself attractive for your girlfriend, you can slit your throat with it or you can use it to commit suicide.’(Anon.) This statement describes to us the problems, and on the other hand rewards, that the proper use of derivatives can bring. The derivatives market has developed responding to the uncertainty about prices, and therefore provided a means of separating out this price volatility. The tendency of the market to move up or down in what appears to be a random manner has brought about the need for financial products which will protect or hedge the investor against the ill effects of market volatility. Certain types of derivatives called Futures and Options might do just that if used properly. In this essay we look at certain types of derivatives called Futures and Options, and how hedgers / investors make use of them to their advantage as well as where the threats seem to lie when dealing with them in g eneral. These derivative markets allow hedgers to avoid risk by transferring it to speculators who seek it. We have all heard the phrase “keep your options open'; and it is along these lines that the Options derivative has arisen. As we know options are contractual arrangements giving the owner the right, but not the obligation, to buy or sell something at a given price, at some time in the future. It is these Options in general that we want to address as they offer the investor the ability to create a wide variety of risk and return alternatives from the same underlying security. Futures, being exchanged-traded forward contracts, have also provided another choice to suit the needs of the holder and the advantages for and against these will also be looked at. After looking at the Futures and Options we will turn our attention to discussing the cases for and against the needs of further regulating this market. This issue has been strongly reinforced since many big bets have gone wrong, such as the collapse of Barings and many others. Where do the faults lie which have led to these disasters and who if anybody is to blame? These are matters that will need to be looked at. To begin with lets focus our attention on Futures contracts . Advantages / Disadvantages from the use of Future Contracts - As the market for future contracts is standardised ... ...ld result in the avoidance of future disasters but more self-regulation could be encouraged and set in play also. The bottom line is that anyone in the derivative business really needs to be more careful and have more control over what they are doing. Again Partnoy in his book FIASCO says, “ Most of us enter the investment business for the same sanity- destroying reasons a woman becomes a prostitute.’ So if you do decide to invest you should take the advice of the Office of Kansas Securities Commission which is “Investigate before you invest.’ BIBLIOGRAPHY - Edwards, W.H.W, Key Financial Instruments; Understanding motivation in the World of Derivatives - Lewis, M, (1989), Liar’s Poker, Coronet Books. - Office of Kansas Securities Commission website. - Partnoy, F, (1997), FIASCO Blood in the water on Wall Street, Profile Books. - Piesse, J, Piesnell, K, and Ward, C, (1995), British Financial Markets and Institutions, Prentice Hall. - Pike, R, and Neale, W, (1996), Corporate Finance Investment, Prentice Hall. - Rutterford, J, (1993), Introduction to the Stock Exchange Investment, Macmillan. - Specimen handouts given out in Lectures

The Graphic Adaptation of The Cask of Amontillado

Refugeeland recounts Sacco's experience in the West Bank and the Gaza Strip, highlighting the difficult and unpleasant conditions that the Palestinian people were facing regarding the Israeli occupation of Palestine and the Gulf War in the early nineties.Joe Sacco's writing focuses upon the day to day experiences of a Palestinian from an outsider's perspective. His meticulous drawings and eyewitness reporting style combine to create a very compelling and complex visual. Edgar Allen Poe was an American author, living from January 19, 1809 – October 7, 1849, Poe is best known for his thrilling and macabre short stories. His final short story, The Cask of Amontillado, is a gloomy tale of murderous revenge, set in the catacombs of Italy, and embedded with symbolism told from a first-person narrative.Poe is a master of allegorical writing, his eerie works compel the reader to explore hidden meanings and ideas concealed within his works. Fantographics Books should strongly consider combining he artistic and literary talents of both Joe Sacco and Edgar Allen Poe to create a graphic novel, the detail filled drawings and intellectually stimulating narrative are guaranteed to appeal to the sophisticated and cultured readership of Fantographics Books. Context: Graphic novels are very important to literature. They can illuminate and expose parts of a story to a reader that would otherwise be hidden within the text.Through the use of visual imagery, the reader can gain more information and decipher parts of the story from a graphic novel that would other wise be assumed or lost in the text alone, such as the author's intent. Graphic novels can also be read by a much larger audience than text stories, this is due to the fact that graphic novels do not solely rely on the text to tell the story. This would be most beneficial for publishing a story in an international market where the story would have to be translated to different languages. The reader can view the image s and interpret the overarching idea of the story without having to read the text.An example of this can be seen in Robert Crumb's visual interpretation of Franz Kafka's short story, A Hunger Artist. The text version of the story was originally written in German, the story was then translated to English and many other languages around the world. Because of the difference in translations, some of the original meaning behind the story may have been lost. The difference between the text and illustrated versions of the story are very noticeable. An example can be seen in the different descriptions of artist himself. In Kafka's version, the hunger artist is described as â€Å"†¦ pale figure with enormously protruding ribs†¦. nodding politely†¦. answering questions with a forced smile†¦ † (465). In the graphic version of the story, Crumbs depiction is very different from realistic. While it akes no textual description of the hunger artist, it illustrates him as a very disturbed and reclusive man sitting in the back ot an animal cage, ne is not nodding politely or smiling, and he also appears to be on the verge of death (927). The visual depiction from the graphic novel aids in transforming the readers understanding of the text, otherwise the reader may be lost in translation.Why â€Å"The Cask of Amontillado† and Joseph Sacco: The descriptive details of a captivating story should be at the forefront of importance when beginning to create a graphic novel. It will eventually become the oundation for the drawings. Without such detail, the graphic novel will be unappealing to most readers, and because of this, the sales of the novel will suffer. For the best possible outcome regarding readership and sales, Fantographics Books should publish an illustrated version of Edgar Allan Poe's short horror-story, The Cask of Amontillado.Poe's dark and eerie narrative depicts the death of a person by being buried alive from a murder's perspective. The story is overflowing with vivd imagery and detail. One such example from the story would be when the main character Montresor begins to lead Fortunato down the stairs into the catacombs of Montresor, â€Å"l took their sconces two flambeaux, and giving one to Fortunato, bowed him through several suites of rooms to the archway that lead into the vaults.I passed down a long and winding staircase, requesting him to be cautious as he followed. We came to the length to the foot of the descent, and stood together on the damp ground of the catacombs of Montresor† (724). It is clear to see how much detail is bound into one small paragraph, his choice in adjectives and his use of first-person pronouns such s â€Å"We† and â€Å"l† allow the reader to envision them selves in the story, which is an excellent starting point for developing a drawing.Poe establishes a very absorbing and thrilling tale through his use of such imagery, and this is precisely why Fantographi cs Books should strongly consider publishing an illustrated graphic version of The Cask of Amontillado. The artist who could best illustrate the graphic version of The Cask of Amontillado would be Joe Sacco. Joe Sacco has a background in journalistic reporting, a career that requires serious attention to detail to clearly and ccurately relay all of the facts in a news story.In his artistic renderings, Joe Sacco uses an exorbitant amount of detail, which would mesh well with the many details and symbolisms within Poe's writings. One such example would be from Joe Sacco's graphic novel Refugeeland. The illustration in particular is on the second page of the story. It is a two page spread that depicts an arial view of a city. The graphic weight of the image leads the viewer's eye around the drawing, the primary source being Sacco's use of crosshatching to fill the different spacial grounds.It is filled with all of he normal things one would see in a city, such as buildings, cars, and p eople, except every possible space in the spread is filled with the tiniest detail. There are no text boxes or areas for dialogue on this spread, allowing the viewer to contemplate all of the details in the scene. Sacco makes every part of the image important, he doesnt focus on a particular object or person, which allows for different symbols or elements to be incorporated into the drawing.Poe is an author who uses symbolism is all parts of his writings, including character names, settings, colors, and diction. All of these ymbols work together to create an intellectually stimulating story that causes the reader to pause and reconsider certain aspects hidden within the writing. The aura of mystery surrounding the setting of Edgar Allen Poe's writing combined with the first-person perspectives in the illustrations ot Joe Sacco would make this an exceptional pairing for Fantographics books to publish.Preview: In the middle of the story there is a scene where Montresor and Fortunato a re in the catacombs, it is filled with various complex details describing the ambience of the crypt while the men carry out their vain attempt at finding the Amontillado, â€Å"We assed through a range of low arches, descended, passed on, and descending again, arrived at a deep crypt, in which the foulness of the air caused our flambeaux to glow than flame†¦ the walls had been lined with human remains†¦ † (725). In this scene, Joe Sacco will illustrate a two page splash capturing the entire crypt.In this splash, he will capture the intricate details of the catacombs by using hatching technique done with pen and ink. He will show the men descending past the different arches of the crypt from their perspective to make the reader feel like they are walking into the atacombs with the men too. When he illustrates this scene he will use a range of values to establish the fore, middle, and background, this will encapsulate a very important moment in the story that will lea d the reader's eye across the page and provide an opportunity to place symbols that Poe is known for into the drawing.His use of contrasting values in the scene will also convey the tone, which will be very grim and foreboding. Joe Sacco's elaborate adaptation will be ideal for Poe's mysterious short story. Challenges and Unknowns: Although it may be argued that Joe Sacco's background as a Journalist is not ppropriate for such a monstrous fictional tale like The Cask of Amontillado, especially considering all other artistic possibilities, Joe Sacco is the most qualified artist for the Job.Attention to detail is a major necessity for any artist who is thinking about taking on such a detail-rich story like The Cask of Amontillado, which is brimming with symbolism and subtle details. Joe Sacco's background as a Journalist is perfect for The Cask of Amontillado. In his career he focused upon depicting the perspective of the Palestinian people, his eyewitness style of writing is very fit ting for he firsthand narration that Montresor delivers to the readers, which is evidence of Sacco's ability to transform Poe's writing into a graphic novel.Honorable Mention: Another artistic and literary combination that Fantographics Books could have possibly considered would be the pairing of Art Spiegelman, author and illustrator of Prisoner on the Hell Planet, with A Very Old Man With Enormous Wings by Gabriel Garcia Marquez. Spiegelman's simplistic illustrations integrated with the magical realism of Marquez would have made for a very interesting combination. Visually, it ould be very stimulating.Spiegelman has a sort of crazed intensity to his drawings, I think it would have been fun to see the bizarre happenings of A Very Old Man With Enormous Wings portrayed in a woodblock printing style. Ultimately, I decided to work with Sacco and Poe because visually and allegorically there is so much more to work with. I enjoy the macabre and thrilling nature of Poe's writing more than magical realism that Marquez is known for. I also enjoy the realistic and complex style that Joe Sacco has as compared with Art Spiegelman, whose drawings are rather flat and disorganized.

Tourism Is Impacting Upon The Coral Reefs Of Lady Elliot...

Tourism in Australia has evolved over the years and continues to increase to this day, however it is the effects that tourists have the ability to place on the Southern Great Barrier Reef which are potentially threatening for, not only the reef of lady Elliot Island, however, the corals surrounding it. â€Å"International visitations within Australia alone reached 3.9 million visitors within the first 7 months of 2014, which was an increase of approximately 9.5%, a number which continues to rise† (Tourism Australia, 2015). However, with this increasing number, comes possible damaging effects to the surrounding reefs of Lady Elliot Island, possibly leading to the excessive damage of corals due to activities and infrastructure requirements†¦show more content†¦Although scientists are not able to depict exactly when humans first came into contact with the reef, evidential estimations state that the Great Barrier Reef was first formed approximately 500,000 years ago, with the current reef state being formed about 6,000 to 8,000 years old. Coral reefs exist all over the world and are generally known as being one of the most diverse, intricate and beautiful of all existing marine habitats. They have many varying structures which are developed by algae and are symbiotic with various reef building corals which are referred to as, zooxanthellae (algae). There are many other factors such as, coralline algae, sponges and other various organisms that are combined with a number of cementation processes which also contribute to reef growth, (CORAL REEFS, 2015). As can be seen in appendix 2, Lady Elliot Island is located, approximately 46 nautical miles north-east off the coast of Bundaberg and is accessed from the Hervey Bay airport. The island covers an estimated area of approximately 45 hectares. Lady Elliot Island itself caters for approximately 150 day guests, and 100 overnight guests at the one given time and offers various activities such as, reef walking, scuba diving, night trail walking, glass bottom boat tours and various, fish feeding, bird watching and guided tour activities. By